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Trianglebreaout

NTNX breaking out of traingleNTNX has formed a triangle for about a month or so and it has just recently begun breaking out of it. MACD and RSI look promising even though they aren't giving any signals. Volume looks pretty good. Other analysts (according to MarketWatch) are also agreeing that this stock is a buy. My prediction is that it will rise to hit 50 EMA, retrace a little, and continue on upward. The retracement might be a place to add to the position. Risk, however, is somewhat high. If we set the stop-loss to where the top line of the triangle is ($16.30), the risk is ~9%. The reward is pretty high though, so I will take a medium-size position on it.
NASDAQ:NTNXLong
by QuantumMaster
Descending Triangle as Continuation and Bilateral patternDescending Triangle Pattern Tutorial : Descending Triangle is a bearish pattern and sometimes it also act as bilateral pattern. (about bilateral pattern in the previous post : "https://www.tradingview.com/chart/BTCUSDT/vYen5wAu-Ascending-Triangle-as-Continuation-and-Bilateral-pattern/") A Descending Triangle Pattern can be easily identified if you see a falling upper trendline along with a flat support. Also descending triangle have some shortcomings like it can occur false breakout and the price reverses same as Ascending Triangle. You need to see how strong the breakout was with the help of volume indicator at the time of breakout.
BITSTAMP:BTCUSDEducation
by tapasdhanadana
1
Ascending Triangle as Continuation and Bilateral patternAscending Triangle Pattern Tutorial : Ascending Triangle is a Bullish Pattern and sometimes also act as Bilateral Pattern; What is Bilateral Pattern : Bilateral Chart Patterns are triangular patterns; they signal either a continuarion or reversal of the current price movement, mainly it depends on how the price breaks the triangle pattern. There are three main types of Bilateral Chart Patterns; 1) Ascending Triangle, 2) Descending Triangle, 3) Symmetrical Triangle. An Ascending Triangle can be easily identified if you see a rising lower trendline along with a flat resistance. Also ascending triangle have some shortcomings like it can occur false breakout and the price reverses. You need to see how strong the breakout was by looking at volume at the time of breakout and if the breakout is not strong enough you can exit the trade and before entering you need to manage risk accordingly. Check Out other tutorials; (), () Stay Tuned 👍;
Education
by tapasdhanadana
5
XRP / USD Descending Triangle (bearish). Pivot points.XRP / USD Formed a downward triangle (bearish). Even now, the price is global at mega XXX. There was a breakthrough of the triangle support. The price was returned back to the triangle. Perhaps now they will make a + 28% wave in the very corner of the triangle. To adjust the price to a downtrend triangle. (Red line). A break and consolidation of the price above the downtrend (the upper border of the triangle) will mean a coin growth. This is waiting for most people, everyone wants growth and easy money. And if everyone is waiting for growth, then ....... They can make a deceitful feint. In 90%, such formations make their way down. This is a bear formation. It is very rare that descending triangles price breaks up, and asset growth begins. I observed this only on coins with low liquidity, where price manipulation by one person is completely carried out due to the excess of money in his direction. On all large assets, such formations work out as it should be.   Sometimes they make deceitful upward movements so that the crowd believes in a price increase. Then the price turns around and the price of the triangle decreases in most cases by the height of the widest part of the figure. In this formation, we have 77%.   If this happens and the price on this coin will decrease, I put a downward channel with trending on this triangle, so that it is clear how to trade and where there will be a price stop. Also, unlocking 1 billion XRP coins is not a good sign. ______________________________________________ Descending triangle If you look at the “Descending Triangle” figure from a psychological point of view, you can understand why the price is forming such a formation. At the support level, a lot of imaginary purchase orders settled, the bulls expect that from this level (support of the descending triangle) the price will go up. Every time the price drops to this level, the bulls buy and thereby make the price rise. With growing supply and constant demand, the price can not stay in place and will inevitably fall. Perhaps a major player places real and false orders to keep the level. He holds the level and raises the price from him (making waves) and resets the position. With each wave of raising prices, there is less and less pressure, as sellers who bought earlier in the hope of great growth are crushing. (until the figure is identified as a "Descending Triangle"). When a major player drops his position, holding a level no longer makes sense to him, orders are removed - the level breaks and the price dives. Naturally, a major player can help break through the support level with sales and “crush” with large orders from above, thereby strengthening downward movements. This is more pronounced when a major player has an interest in recruiting a position for a given asset. Then, above the support level, the entire position is not reset, and part is left to simulate panic and lower prices. ________________________________ Features to which you should pay attention when forming this model of a figure. 1) The “downward triangle” has a stronger development in the bearish (downward) market compared to the upward market, because the angle of the support line is downward, that is, sellers are more persistent. And the price, more often, breaks the horizontal support line. 2) The “downtrend” in most cases occurs on a downtrend and is a figure of the continuation of the trend, however, sometimes it can serve as a figure of a reversal of the uptrend. Therefore, sometimes, even in a bull market, it is considered a bearish signal. 3) The price waves should form a clear line of support. Naturally, it may not be perfectly horizontal and minimum levels may vary slightly, but it should be a horizontal support line with at least two touches. 4) On the reverse side of the waves, the price should draw a downward resistance line. The price should touch it at least twice. Regardless of the number of waves, peaks in prices should go down with each new wave. 5) Trading volume during the formation of the figure is reduced. But at the very end of the figure, the volume grows significantly. Especially near the support level. The peak volume occurs when the support level is broken. 6) When the price crosses the support line, the figure comes to an end. Almost always, the intersection of support is accompanied by a high trading volume. 7) Support turns into resistance, and after the intersection of support, the price may reflect on the new resistance before the downtrend. 8) The goal of working out the figure is equal to the height of the widest part of the "Descending Triangle" (price range from support to the highest peak). We measure the distance of the widest part of the figure and debug it down at the point of breakthrough of the triangle.
BITSTAMP:XRPUSD
by SpartaBTC
10
#bitcoin - Symmetrical Triangle "H6", educational postBitcoin´s "Symmetrical Triangle", together with the current trend it has a slightly better chance to break upwards. This is not a forecast as usual. Everything you need to know is explained in the chart. Remember there is always a chance pattern will not work out. Note: This is a log chart, targets are measured with $ not %. ______________________________________ Warm regards, Neru *UPDATE TYPO: Pattern instead of "ATTERN" :-D, need a coffee!
BITMEX:BTCUSD.P
by Gl4diator
2
Bullish flag/pennant on GOLD. Possible sharp reversal.As we can see, the good ol' Dollar is THRASHING the yellow metal (GOLD). But as our analysis indicates to us, the Greenback's reign won't last for long as we can see that it is currently approaching the pennant/triangle support line/zone. With that being said, I believe that once the price tests our support line, we can expect a strong bullish movement and possibly even a breakout to the upside. I am currently bearish on the pair just until it hits the support line or somewhere near there. After that I'll be joining the bullish movement until it breaks the pennant resistance line. Alternatively, you can wait for the consolidation to fade out, in that case you will have to wait for a downward or upward breakout before entering a trade. HAPPY TRADING!
OANDA:XAUUSDLong
by WandileM
EURUSD Forecast: Euro Politics, Trade War and US CPI in focusThe pair tested 1.1400 level yesterday but ended up plummeting to 1.1305, as political turmoil in Europe alongside with a fading momentum in Wall Street benefited the greenback in the American afternoon. The market was in a much better mood with European indexes closing with solid gains amid some relief headlines related to the US-China trade war. Ongoing Brexit uncertainty, Italy budget concerns, soft macroeconomic figures of the Union add weights on Euro. I was very clear in previous forecasts, all possible upwards attempts would be used as selling opportunities by the USD Bulls. Today we will have the US CPI figures. The outcome will probably the most important determining factor of the direction of EURUSD.- Valid for XAUUSD as well – A better than expected numbers set may end the doubts on FED 2019 rate hikes. Technically: The pair is still trading in a “directionless zone” symmetrical triangle. This formation is usually a sign of consolidation ahead of another directional move in the main trend. A clear break below 1.13000, would start a new sell-off in EURUSD. The targets of the pair, lead by a bearish breakout of the triangle, will be 1.12500, 1.12100, 1.11600. and 1.10800.
Short
by chartreader_pro